Second Line Capital LLC Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Second Line Capital LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 65.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,792 shares of the computer hardware maker's stock after acquiring an additional 12,530 shares during the period. NVIDIA comprises approximately 1.2% of Second Line Capital LLC's portfolio, making the stock its 19th largest position. Second Line Capital LLC's holdings in NVIDIA were worth $4,269,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Regent Peak Wealth Advisors LLC raised its position in NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after purchasing an additional 322 shares in the last quarter. Wealth Group Ltd. grew its position in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of NVIDIA by 27.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 503,974 shares of the computer hardware maker's stock worth $67,679,000 after buying an additional 109,811 shares during the period. PFW Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $3,354,000. Finally, Signet Financial Management LLC raised its holdings in NVIDIA by 27.0% in the fourth quarter. Signet Financial Management LLC now owns 23,742 shares of the computer hardware maker's stock valued at $3,188,000 after acquiring an additional 5,048 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday. KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $4.91 during midday trading on Friday, reaching $134.28. The stock had a trading volume of 332,224,842 shares, compared to its average volume of 285,804,787. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.28 trillion, a P/E ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. The firm has a fifty day simple moving average of $115.20 and a two-hundred day simple moving average of $126.61. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the business earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.